The Moroccan government and Renault Group have signed an amendment to their existing investment agreement, marking a significant new chapter in the strategic partnership between the Kingdom and the French automotive manufacturer.
Under the agreement, signed in Rabat, Renault will expand its operations to open its platforms to more hybrid and electric car production.
Renault would also set up an engineer and excellence and R&D unit to be operational by the end of 2025, further strengthening Morocco’s position as a regional industrial and technological hub.
Overall, the agreement aims to generate 7,500 direct and indirect jobs. It reinforces the mutual commitment to enhancing the sector’s sustainability and competitiveness.
Over the medium term, the group plans to accelerate its transition to electric mobility, with a new range of electric vehicles set to debut by 2030.
The development plan, which spans from 2025 to 2030, also includes modernization of production sites, optimization of manufacturing lines, and upskilling of the workforce.
In 2024, Renault Group Morocco produced over 413,000 vehicles, with 90% exported to more than 68 countries, solidifying the Kingdom’s role as a key player in the global automotive industry.
